LIVE GST Certification Course by CA Arun Chhajer begins 27th April. Register Now!!

treatment of compensation on account of compulsory acquisition of land

05 July 2018

What is the treatment of compensation received on account of compulsory acquisition of land not an agricultural land ?
kindly tell me treatment to be given while filing return of income for amount received in financial year 2017-18 on account of compensation received from compulsory acquisition of land being not an agricultural land.

Reply
Follow
Share

4 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (160332 Points)
Replied 05 July 2018

After the implementation of the RFCTLARR act, 2013; all the land aquisition under section 96 of the act are tax-exempt under income tax.

acts-rules-policiesacts/acts

Incometax circular no .36/2016

1 Like

Anjali P Nair (ACA,ACMA) (582 Points)
Replied 05 July 2018

HR CONSULT (CONSULTANT) (14 Points)
Replied 19 May 2019

Originally posted by : Dhirajlal Rambhia
	After the implementation of the RFCTLARR act, 2013; all the land aquisition under section 96 of the act are tax-exempt under income tax. acts-rules-policiesacts/acts Incometax circular no .36/2016